|
<br />REQUEST FOR CITY COUNCIL AGENDA ITEM
<br />
<br />Agenda Date Requested: September 25, 2006
<br />Requested By: Michael Dolb~
<br />Department: Finance ..
<br />
<br />Appropriation
<br />
<br />Source of Funds: N/A
<br />
<br />Account Number: N/A
<br />
<br />Report:
<br />
<br />Resolution:
<br />
<br />Ordinance:
<br />
<br />x
<br />
<br />Amount Budgeted: N/A
<br />
<br />Exhibits:
<br />
<br />Amount Requested: N/A
<br />
<br />Exhibits:
<br />
<br />Budgeted Item: YES
<br />
<br />NO
<br />
<br />Exhibits:
<br />
<br />SUMMARY & RECOMMENDATION
<br />
<br />The City Council adopted the Fiscal Year 2005-06 Budget on August 22,2005.
<br />
<br />The Summary of Funds, which is shown below, represents the amendments which council previously approved to
<br />the FY 2005-06 Budget. (*denotes funds with current changes)
<br />
<br /> Revised 2006
<br /> (Amended w/ Proposed
<br /> Original Budget FY 2007Budget) Amended Budget
<br />General Fund $ 25,987,077 $ 27,280,748 $ 27,280,748
<br />Grant Fund 2,793,931 1,279,794 1,279,794
<br />Hotel/Motel Occupancy Tax 334,280 729,233 745,228 *
<br />Community Investment 190,000 140,728 140,728
<br />La Porte Development Corporation 740,060 740,060 740,060
<br />Tax Increment Reinvestment Zone 36,000 36,000 36,000
<br />Utility 6,774,071 6,566,704 6,566,704
<br />Sylvan Beach 208,683 248,516 248,516
<br />Airport 241,443 10,043 10,043
<br />La Porte Area Water Authority 1,693,956 1,032,067 1,032,067
<br />Golf Course 1,240,740 1,158,149 1,158,149
<br />Motor Pool 1,661,304 2,397,651 2,397,651
<br />Insurance Fund 4,017,103 4,460,139 4,460,139
<br />Technology Fund 956,611 955,839 955,839
<br />General Capital Improvement 433,500 1,509,497 1,509,497
<br />Utility Capital Improvement 715,000 3,551,579 3,551,579
<br />Sewer Rehabilitation Capital Improvement 330,000 262,643 262,643
<br />Infrastructure Fund 705,000 1,204,600 1,204,600
<br />1998 General Obligation Bond Fund 1,207,639 1,566,623 1,566,623
<br />2000 General Obligation Bond Fund 1,160,000 1,638,036 1,638,036
<br />2002 General Obligation Bond Fund 732,789 320,457 320,457
<br />2004 Certificate of Obligation Bond Fund 10,000 1,008,299 1,008,299
<br />2005 Certificate of Obligation Bond Fund 1,800,000 10,191,600 10,191,600
<br />2005 General Obligation Bond Fund 7,700,000 5,700,000 5,700,000
<br />2006 Certificate of Obligation Bond Fund 1,200,000 1,200,000
<br />2006 General Obligation Bond Fund 449,650 449,650
<br />General Debt Service 2,190,671 2,421,752 2,421,752
<br />Utility Debt Service 381,712 292,712 292,712
<br />La Porte Area Water Authority Debt Service 771,719 771,719 771,719
<br />Total of All Funds $ 65,013,289 $ 79,124,838 $ 79,140,833
<br />
<br />Action Required bv Council:
<br />
<br />Adopt Ordinance Amending Fiscal Year 2005-06 Budget for $15,995 in the Hotel/Motel Fund to expend donation
<br />monies held in an escrow account for Triathlon expenditures. The donations were held in the escrow account until
<br />
|